Fabio
84 lines
5.3 KiB
Markdown
84 lines
5.3 KiB
Markdown
---
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type: "Bill"
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title: "INS CD-RISK BASED CAPITAL"
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description: "Amends the Illinois Insurance Code in the Article concerning risk-based capital. Sets forth a definition of \"fraternal benefit society\" and makes a change in the definition of \"negative trend\". Includes fraternal benefit societies in the provisions concerning RBC Reports and mandatory control level events. Makes a change to one of the definitions of a company action level event to include the filing of an RBC Report by an insurer that indicates that the insurer, if a life, health, or life and health insurer or a fraternal benefit society (rather than a life, health, or life and health insurer), has total adjusted capital that is greater than or equal to its company action level RBC, but less than the product of its authorized control level RBC and 3.0 (rather than 2.5) and has a negative trend. Sets forth a provision concerning the RBC Reports required to be filed by fraternal benefit societies. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "98th"
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identifier: "SB 1729"
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citation: "Illinois SB 1729 (98th)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: []
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version_count: 3
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action_count: 24
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vote_count: 2
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first_action: "2013-02-15"
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last_action: "2013-08-02"
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source: "openstates"
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source_identifier: "ocd-bill/088c2afa-2534-426a-a2c8-076ef9fa9899"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1729&GAID=12&DocTypeID=SB&LegId=72626&SessionID=85&GA=98"
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source_hash: "b3a1fc24d749c2510c207b3364b6d811a7fd9f28f4fc722687756446c5b39acc"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-il"]
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---
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# Illinois SB 1729 (98th) — INS CD-RISK BASED CAPITAL
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Amends the Illinois Insurance Code in the Article concerning risk-based capital. Sets forth a definition of "fraternal benefit society" and makes a change in the definition of "negative trend". Includes fraternal benefit societies in the provisions concerning RBC Reports and mandatory control level events. Makes a change to one of the definitions of a company action level event to include the filing of an RBC Report by an insurer that indicates that the insurer, if a life, health, or life and health insurer or a fraternal benefit society (rather than a life, health, or life and health insurer), has total adjusted capital that is greater than or equal to its company action level RBC, but less than the product of its authorized control level RBC and 3.0 (rather than 2.5) and has a negative trend. Sets forth a provision concerning the RBC Reports required to be filed by fraternal benefit societies. Effective immediately.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800SB1729&GA=98&SessionId=85&DocTypeId=SB&LegID=72626&DocNum=1729&GAID=12&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800SB1729eng&GA=98&SessionId=85&DocTypeId=SB&LegID=72626&DocNum=1729&GAID=12&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800SB1729enr&GA=98&SessionId=85&DocTypeId=SB&LegID=72626&DocNum=1729&GAID=12&Session=&print=true)
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## Votes
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- Third Reading — **52–0** (pass) · upper
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- Third Reading — **114–0** (pass) · lower
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## Sponsors
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- William R. Haine — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2013-02-15** Filed with Secretary by Sen. William R. Haine `filing`
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- **2013-02-15** First Reading `reading-1`
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- **2013-02-15** Referred to Assignments `referral-committee`
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- **2013-02-27** Assigned to Insurance `referral-committee`
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- **2013-03-06** Do Pass Insurance; 009-000-000 `committee-passage`
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- **2013-03-06** Placed on Calendar Order of 2nd Reading March 7, 2013
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- **2013-03-12** Second Reading `reading-2`
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- **2013-03-12** Placed on Calendar Order of 3rd Reading March 13, 2013
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- **2013-04-10** Third Reading - Passed; 052-000-000 `reading-3, passage`
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- **2013-04-10** Arrived in House `introduction`
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- **2013-04-15** Chief House Sponsor Rep. JoAnn D. Osmond
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- **2013-04-15** First Reading `reading-1`
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- **2013-04-15** Referred to Rules Committee `referral-committee`
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- **2013-04-16** Assigned to Insurance Committee `referral-committee`
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- **2013-05-02** Do Pass / Short Debate Insurance Committee; 020-000-000 `committee-passage`
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- **2013-05-02** Placed on Calendar 2nd Reading - Short Debate
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- **2013-05-07** Second Reading - Short Debate `reading-2`
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- **2013-05-07** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2013-05-09** Third Reading - Short Debate - Passed 114-000-000 `reading-3, passage`
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- **2013-05-09** Passed Both Houses
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- **2013-06-06** Sent to the Governor `executive-receipt`
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- **2013-08-02** Governor Approved `executive-signature`
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- **2013-08-02** Effective Date August 2, 2013
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- **2013-08-02** Public Act . . . . . . . . . 98-0157 `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/088c2afa-2534-426a-a2c8-076ef9fa9899`. Confidence: reported (aggregated from official Illinois legislature records).
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